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. Last Updated: 07/27/2016

Telecom Confirms Issue

MOSCOW -- Russia's national telecoms holding company Svyazinvest has reiterated it plans to issue $400 million in Eurobonds after the government sells a stake of just under 25 percent in the firm at the end of 1998.

"Eurobonds will be issued sometime after the second package of shares sales in the fourth quarter of 1998, or the start of 1999," Svyazinvest President Nail Ismailov said at a news briefing last week.

The first package of Svyazinvest shares of 25 percent was sold last summer to a consortium including Russia's powerful Uneximbank.